Pompano Beach Industrial
For Sale
Contact for pricing
1999 NW 16th St, Pompano Beach, FL
Industrial property with secure yard, office, and enclosed garage.
Property Size1,699 SF
Lot Size0.79 Acres
Price / SF$794.59
Days on Market795
Property Features for 1999 NW 16th St
General Information
Standard status
Active
Size
1,699 SF
Lot size
0.79 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Mattis Advisors
(954) 309-7151
Listed By:
Charlie Exelbirt · License #BK3097732
Source:
Moodyscre
Added: Jun 5, 2024
Changed: Jul 6
Last Checked: Aug 7 at 7:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mattis Advisors
Investment Insights
Based on property information with market context.
This property, situated on 0.39 acres on a dead-end road, offers privacy and consists of a secure yard, office space, and an enclosed garage. A large covered concrete driveway provides additional room for equipment and work area. The property is zoned I-1 (General Industrial), accommodating a wide range of uses. It is suitable for trucking, automotive, boat repair, heavy equipment, manufacturing, and other industrial applications. The property size is 1,699 square feet, and the folio number is 4842 27 22 0050.
Key Highlights
- Zoned I‑1 (General Industrial) allowing for a wide range of industrial uses.
- Located on 0.39 acres on a dead‑end road for privacy.
- Secure yard, office space, and enclosed garage included.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,273
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$825,460
$825.5K
Cap Rate 7%
$589,614
$589.6K
Cap Rate 9%
$458,589
$458.6K
Market Conditions
NOI Build-Up for 1,699 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.2K $36.00/SF
− Vacancy
−$2.2K −$1.30/SF
EGI
$59.0K $34.70/SF
− OpEx
−$17.7K −$10.41/SF
NOI
$41.3K $24.29/SF
Area
Pompano Beach, FL
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$825,460
Cap Rate 7%
$589,614
Cap Rate 9%
$458,589
Alternative Uses
Best Use
Retail
$589.6K
$515.9K – $687.9K
NOI $41,273 @ 7.0% cap · market cap 3.06%
Second Best
Warehouse
$178.3K
$156.0K – $208.0K
NOI $12,478 @ 7.0% cap · market cap 0.92%
Theoretical Best
Office A
$662.6K
$579.8K – $773.1K
NOI $46,383 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial property with secure yard, office, and enclosed garage.
Where is this manufacturing property located?
The property is located at 1999 NW 16th St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Zoned I‑1 (General Industrial) allowing for a wide range of industrial uses.; Located on 0.39 acres on a dead‑end road for privacy.; Secure yard, office space, and enclosed garage included.
